April 21, 2022
The avoidance of market price discovery through onward lending is essentially the entire purpose of this rule.
It removes that infinite risk of naked shorting entirely, and in so doing the deterrent of engaging in what is supposed to be very risky business.
It's all upside for these criminals, and all downside for those on the wrong side of their shorts. Presumably forever.
As a retail investor I am against this rule.